Greeks.live: The risk of a market crash has been lifted, short-term macro news

BlockBeats news, on August 19, Greeks.live macro researcher Adam posted on social media that this week is the most important macro week, and the Jackson Hole Global Central Bank Annual Meeting will be held on Thursday. The news related to the yen rate hike and the US dollar rate cut is the most eye-catching. The Bank of Japan and the Federal Reserve will make important speeches, which will affect the direction of the entire capital market. At the same time, several important monetary policy meeting minutes will be released this week. In conjunction with the central bank's annual meeting, the probability of the Federal Reserve's interest rate cut in September will be the best macro observation indicator, which deserves the market's continued attention.

This week's major events:
On Tuesday, August 20, the Reserve Bank of Australia released the minutes of the August monetary policy meeting. Jordan, President of the Swiss National Bank, delivered a speech.
On Wednesday, August 21, Bostic, a voting member of the 2024 FOMC and President of the Atlanta Federal Reserve, delivered a speech.
On Thursday, August 22, the number of initial jobless claims in the United States that week; the Federal Reserve released the minutes of the monetary policy meeting; the European Central Bank released the minutes of the July monetary policy meeting. The Jackson Hole Global Central Bank Annual Meeting was held.
On Friday, August 23, Bank of Japan Governor Kazuo Ueda and Japanese Finance Minister Shunichi Suzuki attended a congressional hearing; Federal Reserve Chairman Powell spoke on the economic outlook at the Jackson Hole Annual Meeting; Bank of England Governor Bailey spoke at the Jackson Hole Annual Meeting.

Crypto Market Outlook: The market trend is still weak, but the risk of a sharp drop has been lifted, market confidence has recovered, and the IVs of major maturities continue to fall. At present, IV is relatively at a medium level, and there is still downward pressure this week. After the end of the central bank's annual meeting this week, no matter what the result is, the medium- and short-term IVs will most likely drop a level. The cryptocurrency market still maintains the wide range of fluctuations formed since March, among which ETH is still sluggish. You can buy short-term options by choosing the right IV at the right time. At present, the short-term IV is relatively low, so you can gamble on the central bank's annual meeting and sell the news. In terms of the crypto interest rate market, the Bitfinex interest rate market is relatively calm. If you encounter a suitable interest rate order, you can actively trade it, especially when there is a market, it is worth paying special attention to.